Deutsche MF India launches new fixed maturity plans
May 02 2014 , Mumbai
While subscription to the new fund offer of DWS FMP- Series 68 begins from May 2 till May 12, it would be May 9 till May 19 for Series-69, according to a company release issued here today.
"The objective of the above schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The schemes will invest predominantly in non convertible debentures (NCD)," it said.
Deutsche MF India had an average AUM (assets under management) of Rs 18,795 crore by the end of FY'14.